Six Major Black Swan Events in the Cryptocurrency World??????

1. February 2014: Mt. Gox Incident, Bitcoin Plummets 80%

The world's largest Bitcoin exchange Mt. Gox was hacked, with 850,000 Bitcoins stolen, accounting for 7% of the total Bitcoin supply. This incident severely impacted the market, causing Bitcoin prices to crash by 80%, marking the biggest trust crisis in the early days of cryptocurrency.

2. September 2017: 9.4 Incident, Market Value Vaporizes 80%

The Chinese government cracked down on ICOs (Initial Coin Offerings) and cryptocurrency trading, leading to a market evaporation of over 80% in a short time. This regulation prompted a global reflection on cryptocurrency oversight.

3. March 2020: Black Thursday, Ethereum Drops to $80

The global financial panic triggered by the COVID-19 pandemic affected the cryptocurrency market, leading to a complete collapse of Bitcoin, Ethereum, and other cryptocurrencies. Ethereum's price plummeted to $80, highlighting market vulnerability and reminding investors to manage risk effectively.

4. May 2021: 600,000 Contracts Liquidated

Bitcoin crashed to $30,000 in a short period, resulting in the liquidation of 600,000 contract traders and causing billions of dollars in losses. This event warned people to be cautious when using leveraged trading.

5. 2022: Luna Collapse, DeFi Crisis

The Terra ecosystem collapsed, Luna's price went to zero, and UST stablecoin decoupled, leading to a significant decline in trust in the decentralized finance (DeFi) sector, marking a major milestone crisis for DeFi.

6. 2022: FTX Collapse, Trust Crisis

As one of the largest exchanges in the world, the collapse of FTX triggered a trust crisis in the cryptocurrency market, with billions of dollars evaporating, ushering in the coldest 'crypto winter'.

Connection with Puppies: Turning Towards Robust Hope

In the face of these black swan events, many have recognized the risks brought by high leverage and disintermediation. The robust mechanism created by Puppies (PUPP) may offer a direction for long-term investors seeking safety and stability:

1. Community governance, high transparency, avoiding centralization collapse risks.

2. Steady growth, focusing on value consensus rather than speculation and hype.

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